Posts tagged “Vivek Wadhwa”
Opinion: Though many people say sexism is rare in the tech world these days, the barriers encountered by some women entrepreneurs aren’t unusual. If you're going to fix a problem, you need to start by admitting that it exists and then fix its root causes. Don't pretend that everything is okay just because you can highlight a few random successes.
Vivek Wadhwa, a Triangle entrepreneur turned academic at Duke and other universities, tells TechDrawl Web site that taking risk is essential to a region’s success.
Analysis: The reality is that the vast majority of startups don’t receive any VC or angel funding. My advice is always the same: ditch the business plan, and buy a lottery ticket. Your odds are better, and you’ll suffer less stress.
Analysis: It is easy to look at all the things that are wrong with your job. But instead of being despondent at work and focusing on the two or three things that you think are wrong with your job, try thinking about the twenty or so things that are good about it. Try making a list of all that’s good about your job, including the fact that you have one.
Analysis: Workforce education increases productivity, decreases turnover, and leads to greater corporate growth. A study of industry in India provides the bottom-line proof.
Analysis: Business ethics are not something you need to start worrying about when your company reaches a certain size; they need to be sewn into the fabric of your startup from the get-go. The lessons are the same for tech businesses as they are for investment banks and for third-world economies.
Opinion from Vivek Wadhwa: All who take the risk are entrepreneurs, but research shows that there are two types of entrepreneurs: “Replicative entrepreneurs”, who constitute the vast majority of small businesses, and “innovative entrepreneurs,” the rare few who bring new products/services to market or who pioneer new production methods. But the bottom line is this: Entrepreneurs are made, not born.
Opinion from Vivek Wadhwa: Contrary to VC’s conventional wisdom, the majority of successful entrepreneurs didn’t have entrepreneurial parents. They didn’t even have entrepreneurial aspirations while going to school. They simply got tired of working for others, had a great idea they wanted to commercialize, or woke up one day with an urgent desire to build wealth before they retired. So they took the big leap.
Opinion: Be cautious in your dealings with the world. Don’t mindlessly “bare all”. You should file patents, but these patents provide less protection than you might think. Even if you have a great patent, you will need to fight hard to defend it and will need a good lawyer. In some spaces, you simply can’t get patents even for great, original ideas. Your only recourse is to be faster and better than newer, bigger competitors. Finally, if you do feel you’ve been ripped off, then pull no punches and go for blood.
Opinion: What if we challenged students, entrepreneurs and investors to build businesses that do good for the planet and make a healthy profit doing so? Today, the world faces more problems than perhaps at any point in recent history. Yet we have the greatest minds and the deepest pool of investment capital in the world focused on building Facebook and Twitter apps.
Analysis: Most startups and venture capital firms lack women in founding and key leadership roles. Why? Studies show that VCs and tech companies are holding back the most productive half of our population for some perplexing reasons.